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How to make a spot trade on Monochrome

Monochrome Support
Updated

The spot market is a platform for "instant liquidity" of financial products. In the spot market, "liquidity" refers to the ability to exchange a financial product for cash. While this concept may seem straightforward, it is worth noting that some markets do not settle transactions instantly in cash.

 In short, the spot market is a place where transactions are made "immediately". Since these transactions are settled instantly, the current market price of an asset is often referred to as the spot price.

 

How to Trade Spot on the Monochrome Website?

Step 1: Log in to your account at Monochrome.exchange

 

 

Step 2:Enter the markets interface, click or search for the token name, then you’ll be redirected to the Spot trading interface.

 

 

Spot Trading Interface (Using the BTC/USDT full-screen version as an example):
If you need to change the mode, please refer to 「How to Customize the Trading Page Theme and Layout on Monochrome」

 

  1. Trading volume of the trading pair in 24 hours
  2. Candlestick chart and market depth
  3. Market Trades
  4. Sell order book
  5. Buy order book
  6. Market Trades
  7. Buy order section
  8. Sell order section

Step 3: 

Go to the order placement section of the trading interface. Refer to the prices in the buy/sell order section, input the appropriate BTC buying price and the quantity or trade amount. Then, click [Buy BTC] to complete the order. (The same process applies to sell orders.)

 

 

Note:

  •  The default order type is a limit order. You can use a market order if you want an order filled as soon as possible.
  • For example, if the market price of BTC/USDT is 3.5 USDT, but you want to buy it at a specific price, such as 3 USDT, you can place a limit order.
  • The percentage bar below the amount indicates what percentage of your total USDT assets will be used to buy BTC.

 

How to Trade Spot on the BTC App

Step 1: Log in to the Monochrome App and navigate to [Trade] - [Spot].

 

 

Trading interface explanation:

  1. Market and trading pairs
  2.  Technical indicators and deposit options
  3. Buy/Sell Cryptocurrency
  4. Order Book
  5. Order History

 

Step 2: Navigate to the order placing section of the trading interface. Refer to the prices in the buy/sell order section. Input the appropriate BTC buying price and the quantity or trade amount. Then, click [Buy BTC] to complete the order. (The same process applies to sell orders.)

 

 

Note:

  • The default order type is a limit order. You can use a market order if you want an order filled as soon as possible.
  • If the market price of BTC/USDT is 27,000 USDT, but you want to buy it at a specific price, for example, 26,800 USDT, you can place a limit order.
  • The trading volume below the amount refers to what percentage of your total USDT assets will be used to buy BTC.
     

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